North American investor Mark Bishop has sold his 22% stake in Koenigsegg Automotive AB, the luxury car maker which plans to buy General Motors' Saab unit according to the Swedish business daily Dagens Industri.
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Car sales in Pakistan rose 51% in July over the same month a year ago after prices and borrowing costs declined, according to data from the country's Automotive Manufacturers Association.
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Supplier TRW Automotive Holdings Corp. plans to issue at least 14 million new shares of common stock in a move to shore up its balance sheets and pay down debt.
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Meridian Automotive Systems Inc. plans to liquidate its remaining assets under Chapter 7 of the bankruptcy code after already selling most of its business units this summer.
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Car sales in Western Europe grew by 4.4% in July, the second consecutive month with a year-on-year increase, according to data released by JD Power Automotive Forecasting.
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When the XG350 hit the road in 2001, it started a trend that Hyundai's carrying on to this day. Like the Azera and Genesis that came after it, the XG350 aimed to give shoppers a cut-price taste of the automotive high-life.
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Domestic sales by Russian automotive maker AvtoVAZ were up 12.4% in July over the same month last year, the company said.
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As Fisker Automotive Inc. gears up to launch its plug-in electric hybrid Karma luxury sedan next year, the company continues to add executives. Today Fisker said Marti Eulberg has been hired to lead the startup company's global sales and marketing.
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As Fisker Automotive gears up to launch its plug-in electric hybrid Karma luxury sedan next year, the company continues to add executives. Today Fisker said Marti Eulberg has been tapped to lead the startup company's global sales and marketing.
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As Fisker Automotive Inc. gears up to launch its plug-in electric hybrid Karma luxury sedan next year, the company continues to add executives. Today Fisker said Marti Eulberg has been hired to lead the startup company's global sales and marketing.
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If there were a reality-based makeover show for cars, the Passat CC would surely take top honours as the 'most improved' given its moxie over the regular version of VW's mid-size sedan. Based on the conservative Passat Sedan, the CC (or Comfort Coupe as defined by VW) is an outstanding example of modern automotive architecture.
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As Fisker Automotive gears up to launch its plug-in electric hybrid Karma luxury sedan next year, the California company continues to add executives.
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China's Geely Automotive Holdings wants to buy a majority stake in Volvo Cars together with an unidentified Swedish investor while allowing Ford to keep a stake in its Swedish affiliate, the Dagens Industri newspaper reported.
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German automotive supplier ElringKlinger boosted its 2009 sales outlook on Thursday amid signs that global car markets were starting to stabilize.
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Ford executive Sue Cischke cites need for continued cooperation between the automotive industry and the federal government in pursuit of greener transportation vision, noting the significant role of government in shaping the transportation fleet of the future
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The President's automotive task force remains opposed to additional aid to automotive suppliers, though the group concedes the popular cash-for-clunkers program may exacerbate suppliers' cash pressures, said task force chief Ron Bloom.
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Suppliers to the 2009 Honda Pilot includes Dow Automotive, Mitsubishi Electric, Nippon Seiki, Gentex, AGC Automotive Americas, UGN, Panasonic, Tigerpoly, Southco, INA, Weastec, BASF, Stanley Electric, Vibracoustic, Edscha, Keiper, Magna, Eagle...
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General Motors said it made progress "clarifying issues from the best and final offers received two weeks ago" at several meetings with Opel bidders Magna and RHJI, and with members of the German automotive task force, in Berlin on Tuesday.
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Brilliance China Automotive Holdings Ltd, BMW's partner in China, is preparing to ship its BS4 mid-sized station wagon to Europe, company executives said on Wednesday.
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